| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Australian Dollar has been trending bearish against the New Zealand Dollar since the beginning of March. The currency pair has edged lower by 4.75% in value during the past three weeks.
Currently, the exchange rate is trading near the upper boundary of a descending channel pattern at 1.0208. Most likely, a breakout could occur within the following trading sessions.
However, if the descending channel pattern holds, the currency exchange rate will continue to trade bearish within this week's trading sessions.